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Madison Area Technical College Foundation Inc

Madison College Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237265867 ✦ Madison, WI ✦ Designated as a 501(c)(3)

Overview

What is Madison Area Technical College Foundation Inc?

Madison Area Technical College Foundation Inc, with the Doing Business As Name of Madison College Foundation, is a nonprofit organization based in Madison, Wisconsin. Situated at 3591 ANDERSON STREET 203A, this organization's primary mission is to enrich lives and strengthen the community by acquiring private funding to support high-quality, open-access education at Madison College. To achieve this, they provide scholarships exclusively for students attending Madison Area Technical College. These scholarships aid in making the college more accessible and serve as a recognition for academic excellence. With a dedicated workforce of 7 individuals, the foundation's activities are geared towards supporting Madison Area Technical College and its students.


Official website here: www.supportmadisoncollege.org

Is Madison Area Technical College Foundation Inc legitimate?

Madison Area Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Area Technical College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $413,210
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,421

For more financial information, click here


Official website here: www.supportmadisoncollege.org

What is the mission statement of Madison Area Technical College Foundation Inc?

The Madison Area Technical College Foundation's mission is to enrich lives and strengthen the community by securing private funding to support high-quality, open-access education at Madison College. This foundation primarily focuses on providing scholarships for students of Madison College, aiming to make education more accessible and recognize academic excellence. The scholarships offered by the foundation help reduce financial burdens and make higher education more attainable for students. By doing so, the foundation contributes to the growth and development of the community.


Official website here: www.supportmadisoncollege.org

Who is the CEO of Madison Area Technical College Foundation Inc?

Tammy Thayer is the Treasurer of Madison Area Technical College Foundation Inc. The CEO's salary of Madison Area Technical College Foundation Inc is $219,155 and their total compensation is $235,558.


Official website here: www.supportmadisoncollege.org

What is the revenue of Madison Area Technical College Foundation Inc?

Madison Area Technical College Foundation Inc's revenue in 2022 was $4,171,287.


Official website here: www.supportmadisoncollege.org

Who are the executives of Madison Area Technical College Foundation Inc and what are their salaries?

The average compensation at Madison Area Technical College Foundation Inc during 2022 was $103,519. There are 7 employees and 11 volunteers at Madison Area Technical College Foundation Inc.

Here are 13 key members and their salaries (Madison Area Technical College Foundation Inc's CEO's salary is $219,155 and their total compensation is $235,558):

    Tammy Thayer (Chief Executive Officer)
  • Compensation: $219,155
  • Related: $0
  • Other: $16,403

    • Chad Margenau (Vp Finance And Operations)
  • Compensation: $142,232
  • Related: $0
  • Other: $13,379

    • Robin Roberts (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Ludgate (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Beisenstein (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Lange (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gordon Derzon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melinda Gustafson Gervasi (Director (Thru July))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Riordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marshall Mennenga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Tercek (Director (Thru Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Jefferson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.supportmadisoncollege.org

    Where can I find the form 990 for Madison Area Technical College Foundation Inc?

    The Madison Area Technical College Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.supportmadisoncollege.org

    Learn more at the official website: www.supportmadisoncollege.org

    Mission Statement of Madison Area Technical College Foundation Inc

    Madison Area Technical College Foundation Inc is dedicated to enriching lives and strengthening the community by acquiring private funding in support of high-quality, open-access education at Madison College. The mission of this organization is to provide scholarships exclusively for students attending Madison Area Technical College, enabling them to afford access to the college and recognizing academic excellence. By offering scholarships, Madison Area Technical College Foundation Inc plays a significant role in enabling deserving students to pursue their educational goals, thereby contributing to the betterment of the community.

    Impact

    This information is meant to be a general summary of Madison Area Technical College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Madison Area Technical College Foundation Inc has a direct impact on the students of Madison Area Technical College through its provision of scholarships. By offering financial support, the foundation enables students to afford access to the college and rewards academic excellence. This assistance not only helps individuals pursue their educational goals but also contributes to the overall enrichment and strengthening of the community. Through its mission of acquiring private funding to support high-quality open access education, the foundation plays a pivotal role in promoting education and opportunity for students in Madison, Wisconsin.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $759,900
  • Program Service Revenue: $373,930
  • Gross Receipts: $4,492,181

    • Assets and Liabilities:
  • Total Assets: $19,547,707
  • Total Liabilities: $60,747
  • Net Assets: $19,486,960
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL REVENUE

    Revenue

    $373,930

    Organization Details

    Founding Year

    1973

    Principal Officer

    Tammy Thayer

    Main Address

    3591 ANDERSON STREET 203A, MADISON, WI, 53704

    NTEE Category

    Code: B124 - Education

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